We are currently at a very important area. The wave structure on the lower timeframes, especially the 1-hour and 30-minute charts, appears to me to be corrective, after which the price could move higher.
However, I believe that a downside move to continue the accumulation process is the more likely scenario and, in my view, the safer one.
I think it will be difficult for Bitcoin to move above $160,000 without taking enough time to complete the accumulation process and form some springs to sweep liquidity.
Davinci
However, I believe that a downside move to continue the accumulation process is the more likely scenario and, in my view, the safer one.
I think it will be difficult for Bitcoin to move above $160,000 without taking enough time to complete the accumulation process and form some springs to sweep liquidity.
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